I would ditto that... back in 2007/2008.... these gold juniors rose more on speculation and positive sentiment as opposed to 43-101. In fact, 43-101 was almost a death knell for juniors as it meant the discovery phase was over and the hard work was beginning - translated - share price trades sideways for a long time.

Now... "real" value is in vogue and most investors are checking their investments twice to make sure they are more than just hot air. A 43-101 is about the only way a junior can show substance to the markets. Sure... if a major takes a junior out.. they will still redo and/or verify the 43-101 numbers. But in today's "new" world, a 43-101 is a must to move forward and keep investors engaged.

KXL has to move forward on two fronts to get this share price lifting - 43-101 and regular upgrades to it AND continued exploration. With a little luck we might even get a new discovery hole.

Just my thoughts on the matter...

m. z.